Slutsky's 1915 Article: How It Came to Be Found and Interpreted

Complementarity and Demand Theory: From the 1920s to the 1940s

“…For a wider and more detailed study, see Lenfant 2003. Some other aspects of the story have been studied in Chipman and Lenfant 2002. 3. This definition was introduced in a discussion of the shape of a so-called pleasure function (Lebensgenusskurve).…”

“…The Hicksian decomposition is heuristically different from Slutsky's "residual variations," and it cannot be justified on empiricist grounds. It is rather a purely instrumental device based on the unobservable concept of indifference curves and hence possessing other heuristic advantages (Chipman and Lenfant 2002). The textual evidence in Hicks and Allen 1934 leads the reader back to a debate following Hicks's Theory of Wages ([1932] 1957) and Robinson's The Theory of Imperfect Competition (1933) and their independent introduction of the concept of elasticity of substitution.…”

“…Hotelling does not provide any justification for this. On this model and its interpretation, see Hands andMirowski 1998 andChipman andLenfant 2002. 40. That Hotelling and Schultz made simultaneous discoveries is not surprising.…”

“…In 1934 Schultz benefited not only from Hicks and Allen's article but also from the discovery of Slutsky's article (Chipman and Lenfant 2002). Both contributions were received at the precise moment when Schultz was looking for new theoretical relationships on demand systems that might be tested.…”

“…Friedman participated actively in preparing Schultz's 1935 article and in the corresponding eighteenth chapter of Schultz 1938 (cf. Chipman andLenfant 2002). In The Theory and Measurement of Demand, Schultz (1938, chaps.…”